Sabine one concern, which I realise means absolutely nothing, is that both Forge and RCR had very high revenue growth in the mining construction sector (excluding bulk earth works) prior to their demise. I believe that NRW in recent times has experienced similar success.
When a contractor secures more than what it’s “fair share” of the market my radar starts to go off. There is a degree of truth to the statement “you have to make a mistake to win a contract.”
I do still hold NRW. However the Fimiston project, after speaking directly to several people very familiar with the project, does raise concerns given its size, combined with the nature of the construction.
Often my concerns turn out to be unfounded. But sometimes they turn out to be correct. I am hoping that in this case I rack up another error.
Ann: Primero awarded EPC contract for KCGM Growth Project, page-44
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Last
$3.78 |
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0.055(1.48%) |
Mkt cap ! $1.700B | |||
| Open | High | Low | Value | Volume |
| $3.78 | $3.78 | $3.76 | $480.1K | 127.0K |
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| No. | Vol. | Price($) |
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| 12 | 4314 | $3.77 |
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| Price($) | Vol. | No. |
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| $3.78 | 16108 | 7 |
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